ISLAMABAD: The opposition parties on Friday staged protest in National Assembly (NA) against hike in the prices of petroleum products.

The opposition members while holding placards chanted slogans against the rise in prices of petroleum products, gathered around the rostrum of NA speaker and demanded to retract the decision of hike in prices.

Pakistan Muslim League-Nawaz’s (PML-N) Khawaja Asif announced to boycott the session for not giving a chance to speak during the session of National Assembly after which the speaker adjourned the proceedings.

The decision regarding the increase in the prices of petroleum products was made after the recommendation of Oil and Gas Regulatory Authority (OGRA). The new price of petrol will be Rs127.20 per litre against the current rate of Rs123.20 per litre.

The prices of high-speed diesel (HSD) was enhanced by Rs2 per litre and will now cost Rs122.04 per litre. The price of kerosene oil was also increased by Rs7.02 per litre to Rs99.31 per litre against Rs92.29 per litre.

In addition, light diesel oil will cost Rs8.82 more and will thus be priced at Rs99.51 per litre.